MultiversX(Elrond)(EGLD) Network Upgrade

We're rolling out a new upgrade for mainnet validator nodes. With this patch release, the 'Protocol sustainability rewards' address, currently a standard single-key wallet, is being migrated to a newly created multisig for greater security and control distribution. Since the destination address is configurable, the migration requires a network upgrade.

Activation Epoch

The activation epoch for the improvements is set to 1699. which should happen on Tuesday, March 25th ~16:30 UTC.

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Action Required

It is mandatory for all nodes to be updated to version v1.8.12.0-patch4 to ensure continued stability and performance of the network and to avoid the risk of having any validator nodes jailed.

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Governance

Given the nature of the release → Maintenance Upgrade, there is no need for a governance call. This release is a follow up to the Spica upgrade, which passed community voting with 98.65% YES in August this year.

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